Sponge

Ethena

Coin

Gains

<p>The Ethena price has soared by over 22% in the past 24 hours to trade for $1.008 as of 01:40 a.m. EST time on trading volume that slipped 3%.</p>
<p>The surge comes after a successful Ethena airdrop for its ENA token that triggered a buying frenzy that has sent the Ethena price on a tear.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Ethena?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethena</a> Labs conducted a significant <a href="https://twitter.com/hashtag/airdrop?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#airdrop</a>, distributing $450 million in <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ENA</a> tokens, with the largest share worth about $1.96 million going to a single wallet.</p>
 <p>This event followed the token's listing on major exchanges.</p>
 <p>— The Advisor (@CaoPetersen) <a href="https://twitter.com/CaoPetersen/status/1775730084923461988?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 4, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Users are also taking advantage of the fact that ENA is now available on top cryptocurrency exchanges such as Binance, Bybit, OKX, and MEXC.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">listing with billions of marketcap <a href="https://twitter.com/hashtag/W?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#W</a> <a href="https://twitter.com/hashtag/ENA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ENA</a></p>
 <p>Not easy to join trades.</p>
 <p>— Rose Premium Signal (@RoseVIPSignal) <a href="https://twitter.com/RoseVIPSignal/status/1775702129422086441?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 4, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Amid the euphoria, some say ENA is still undervalued going by the technology, functionalities, and utility in store.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">I think <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ENA</a> is still way undervalued going by the tech, functionalities and utility in store. I’m glad i bagged some on bitget after listing</p>
 <p>— MJ 🐉$MON (@Aaima___) <a href="https://twitter.com/Aaima___/status/1775630004644184396?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 3, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>In hindsight, ENA’s new journey started after it listed on Binance. Then, it peaked at $1.230, settled at $1.056. While today’s 24% surge is remarkable, there is potential for a downtrend as the listing mania appears to be already priced in.</p>
<p>Besides this, other indicators of a looming downtrend include the current volatility in the market with the BTC price stalling.</p>
<p><iframe title="Ethena ENA Crypto Price Prediction | Ethena News!" width="640" height="360" src="https://www.youtube.com/embed/TZjN5DAbSIE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<h2 id="strong-ethena-price-prediction-as-market-volatility-heightens-strong"><strong>Ethena Price Prediction As Market Volatility Heightens</strong></h2>
<p>The Ethena price has slipped below an ascending trendline to test the $0.968 support on the 2-hour time frame. If this support gives way, the ENA price could extend the fall to $0.806. However, the position of the Relative Strength Index (RSI) is promising, moving horizontally as if to defend against further downside.</p>
<p>This coupled with the hammer candlestick, which suggests that the Ethena price is trying to determine a bottom, suggests that the downside is likely to be capped at $0.968, or in a dire case $0.806.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/04/ENAUSDT_2024-04-04_08-35-06.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-500461 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/ENAUSDT_2024-04-04_08-35-06.png" alt="Ethena price" width="1273" height="542" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/ENAUSDT_2024-04-04_08-35-06.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/04/ENAUSDT_2024-04-04_08-35-06-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/ENAUSDT_2024-04-04_08-35-06-1024x436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/ENAUSDT_2024-04-04_08-35-06-768x327.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p>
<p><a href="https://www.tradingview.com/x/PoaADwSH/" target="_blank" rel="noopener noreferrer nofollow">TradingView: ENA/USDT 1-day chart</a></p>
<p>Meanwhile, analysts say consider Sponge V2 for your portfolio as you look to spread risk amid a volatile crypto market. With the Ethena price flashing a potential downtrend, this 2.0 meme coin could be a good alternative as it approaches launch on top-tier exchanges.</p>
<p><iframe title="Sponge V2 Meme Coin Launching Soon!!!!!" width="640" height="360" src="https://www.youtube.com/embed/dmsJwi9z4xc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<h2 id="promising-alternative-to-ethena">Promising Alternative To Ethena</h2>
<p>Sponge V2, ranked by analysts as <a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle" target="_blank" rel="noopener noreferrer nofollow">a top meme coin pick for exponential gains</a>, announced the&nbsp;<a href="https://insidebitcoins.com/news/sponge-unveils-strategic-pivot-to-sponge-v2-on-polygon-network-following-liquidity-pool-attack" target="_blank" rel="noopener noreferrer nofollow">discontinuation</a>&nbsp;of its predecessor,&nbsp;<a href="https://insidebitcoins.com/visit/sponge" target="_blank" rel="noopener noreferrer nofollow">Sponge V1</a>, in February. With this, the project migrated to the Polygon chain after a malicious attack on its liquidity pool.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">📣 Attention, <a href="https://twitter.com/hashtag/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGERS</a>!</p>
 <p>Here is some important information to remember about <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V2!<a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V1 has officially been discontinued, and V2 has been launched on <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Polygon</a>! 🔥</p>
 <p>Learn more about the token details below 👇<a href="https://t.co/TCdxgXx40w" rel="noopener noreferrer nofollow">https://t.co/TCdxgXx40w</a></p>
 <p>🧵1/3 <a href="https://t.co/YZzXOlKmHY" rel="noopener noreferrer nofollow">pic.twitter.com/YZzXOlKmHY</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1754826966048657421?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>This migration to the Polygon network offers cheaper and faster transactions while mitigating the impact of the ERC-20 smart contract hack.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Buy <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> or stay poor 🧽💦 <a href="https://t.co/ELUaNzxS8H" rel="noopener noreferrer nofollow">pic.twitter.com/ELUaNzxS8H</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1771205318564782582?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The project is making a strong comeback in 2024, thanks to the exciting launch of its sequel, bringing forth a new and special staking model, a Play-to-Earn (P2E) game, and a big marketing budget.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🌟 With bigger exchanges on the horizon and added <a href="https://twitter.com/hashtag/P2E?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#P2E</a> utility, <a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a> is set to be bigger and better than ever!</p>
 <p>We’re not here to take part, we’re here to take over! 🧽💦</p>
 <p><a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://t.co/BlGZhYKjoe" rel="noopener noreferrer nofollow">pic.twitter.com/BlGZhYKjoe</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1773017259126005851?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 27, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Experts including Crypto Gains say <a href="https://insidebitcoins.com/visit/sponge" target="_blank" rel="noopener noreferrer nofollow">Sponge V2</a> is poised to repeat the success of its predecessor, $SPONGE, which recorded 100x gains after its launch last year in a bear market.</p>
<p><iframe title="🔥 SPONGE V2! Can This 100X Like The 1st One Did! (MEGA URGENT!!)" width="640" height="360" src="https://www.youtube.com/embed/e4QUlXJWuag?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>With plans already underway to have the Sponge V2 meme coin listed across multiple exchanges after Poloniex, token holders are enjoying annual percentage yields (APY) from staking as high as 168% on Ethereum and 371% on Polygon.</p>
<p>Already, upwards of 9.624 billion tokens have already been staked. That is a key reason why analysts rank it among the <a href="https://www.linkedin.com/pulse/5-new-cryptocurrency-invest-2024-promising-1000x-calsona-0krue" target="_blank" rel="noopener noreferrer nofollow">top five cryptos to invest in now</a>.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/04/sponge.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-500489 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/sponge.png" alt="Sponge" width="1343" height="366" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/sponge.png 1343w, https://insidebitcoins.com/wp-content/uploads/2024/04/sponge-300x82.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/sponge-1024x279.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/sponge-768x209.png 768w" sizes="(max-width: 1343px) 100vw, 1343px"></a></p>
<h4>Enjoy Sponge P2E Gaming</h4>
<p>To increase community engagement, Sponge V2 has also introduced a new P2E racer game. This is where players can compete against each other for a chance to win SPONGE V2 tokens as rewards.</p>
<p>The unique&nbsp;<a href="https://insidebitcoins.com/buy-cryptocurrency/buy-nft/best-nft-games" target="_blank" rel="noopener noreferrer nofollow">play-to-earn</a> (P2E) game introduces a new utility to the token. Players can earn $SPONGEV2 tokens by participating in the game and achieve rankings on the leaderboard.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Don't forget, <a href="https://twitter.com/hashtag/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGERS</a>! 🧽💦<a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a> is bringing exciting utility through our upcoming <a href="https://twitter.com/hashtag/P2E?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#P2E</a> game! 🔥</p>
 <p>Get ready to earn <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> tokens by playing the game and ranking on the leaderboard.</p>
 <p>Stay tuned for more info! 🚀<a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeCoin</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://twitter.com/hashtag/100x?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#100x</a> <a href="https://t.co/5aaLxGz8N1" rel="noopener noreferrer nofollow">pic.twitter.com/5aaLxGz8N1</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1771117138381525404?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Sponge V2 P2E offers both free and paid versions, allowing users to play for fun or use Sponge V2 tokens to purchase game credits for additional passive earnings.</p>
<p>With top-tier exchange listings incoming, now might be a great time to accumulate Sponge V2.</p>
<p><a href="https://insidebitcoins.com/visit/sponge" target="_blank" rel="noopener noreferrer nofollow">Visit and buy Sponge V2 here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/how-to-buy-sponge-v2-on-presale-alessandro-de-crypto-video-review" rel="noopener noreferrer nofollow">How to Buy Sponge V2 On Presale – Alessandro De Crypto Video Review</a></li>
 <li><a href="https://insidebitcoins.com/news/meme-coin-sponge-v2-explodes-with-390-apy-staking-on-polygon-matthew-perry-review" rel="noopener noreferrer nofollow">Meme Coin Sponge V2 Explodes with 390% APY Staking on Polygon – Matthew Perry Review</a></li>
 <li><a href="https://insidebitcoins.com/news/can-sponge-v2-repeat-a-100x-surge-in-its-upcoming-launch-oscar-ramos-video-review" rel="noopener noreferrer nofollow">Can Sponge V2 Repeat a 100x Surge In Its Upcoming Launch? Oscar Ramos Video Review</a></li>
 <li><a href="https://insidebitcoins.com/news/low-cap-meme-coin-sponge-v2-hits-29-million-in-staked-and-bridged-offering-high-staking-reward" rel="noopener noreferrer nofollow">Low Cap Meme Coin Sponge V2 Hits $29 Million in Staked and Bridged, Offering High Staking Reward</a></li>
</ul>

Ethena Price Prediction: ENA Surges 22% As Analysts Say Consider This 2.0 Meme Coin For Parabolic Gains

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